Windeln.de, Germany-based online baby goods retailer owned by Urban-Brand, has raised €15m ($20m) after shaowing annualized sales of €50m. Venture capital firms 360 Capital Partners and MCI Management joined the consortium as new investors along with peers and existing shareholders Acton Capital Partners and DN Capital.
In February 2012, Windeln raised “a high seven-figure amount” from Acton Capital, the venture capital firm backed by media group Hubert Burda, as well as corporate and government-backed venture fund High-Tech Gruenderfonds and DN Capital.
HTGF said it had sold its share in Urban-Brand (Windeln.de) to an international consortium of investors.
Konstantin Urban (pictured), co-founder and managing director of Windeln and former head of corporate venturing unit Holtzbrinck Ventures, said: “We are thrilled to have now the financial means available for our expansion into new European markets and to be supported by four premier European investors.”
Jochen Gutbrod, a private investor and former deputy chairman of the publishing group Georg von Holtzbrinck, is on Windeln’s advisory board.